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Carla Vista Electronics issues a $353,500,3%,10-year mortgage note on December 31,2021 . The proceeds from the note are to be used in financing a new
Carla Vista Electronics issues a $353,500,3%,10-year mortgage note on December 31,2021 . The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $41,441. Payments are due on December 31. (a) Prepare an installment payments schedule for the first 4 years. (Round answers to 0 decimal places, e.g. 15,250.)
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